Agrokor’s extraordinary administrator expresses his feelings of pride in regard to Konzum’s recovery and position on the market.
”We’re almost fully prepared to implement the settlement after the High Commercial Court confirms its validity.” stated an undoubtedly relieved Peruško.
As Poslovni Dnevnik writes on the 14th of September, 2018, Fabris Peruško, Agrokor’s government-appointed extraordinary commissioner engaged in an interview with Reuters, in which he was proud of the results of Agrokor’s companies, especially in the case of Konzum, which has managed, despite all of its woes, to maintain its strong leading position on the Croatian market.
He also said that it is expected that the formerly ailing company’s extraordinary administration will finally be able to cease its operations sometime next year, according to the report.
Peruško explained how the ball is now in the court (no pun intended) of the High Commercial Court in Zagreb to confirm the creditor’s settlement that was promulgated in Zagreb back in early July this year, and via which Agrokor will transition into the hands of its new owners: predominantly the Russian banks Sberbank, one of Agrokor’s largest creditors during its crisis, and VTB.
“We’re almost fully prepared to implement the settlement after the High Commercial Court confirms its validity. We believe this happen later this year,” Reuters was told by the industrious Peruško.
“I’m particularly proud of Konzum, which remained the [Croatian] market leader during the crisis, and during which it lost only three percent of the market share. It now holds 22.4 percent of the market,” said Peruško, adding that he is currently negotiating with banks on the refinancing of roll-up credits for which the company is currently paying interest at a somewhat significant eight percent.
